v3.25.2
ACQUISITIONS OF CONSOLIDATED PROPERTIES (Tables)
6 Months Ended
Jun. 30, 2025
ACQUISITIONS OF CONSOLIDATED PROPERTIES  
Schedule of the impact of error previously reported

Quarter Ending

June 30, 2024

Real estate investments, net

Increase/(Decrease)

$

(3,313)

Other assets, net - interest income receivable

Increase/(Decrease)

$

39

Other assets, net - fair value of interest rate swap

Increase/(Decrease)

$

(106)

Other comprehensive income

Decrease/(Increase)

$

3,335

Net income

Decrease/(Increase)

$

44

Schedule of purchase accounting allocation and reconciliation to net cash consideration of the properties acquired.

June 30,

2025

2024

2023

Real estate investment acquired

$

-

$

111,290

$

-

Assumed interest rate derivative

-

3,331

-

Acquired lease intangible assets

-

2,261

-

Assumed assets

-

451

-

Total Assets Acquired

$

-

$

117,333

$

-

Assumed loans

-

(80,774)

-

Other liabilities

-

(653)

-

Net assets acquired

-

35,906

-

Equity/limited partnership unit consideration

-

(7,396)

-

Net cash consideration

$

-

$

28,510

$

-

Real Estate Property Acquisitions 2024  
ACQUISITIONS OF CONSOLIDATED PROPERTIES  
Schedule of acquisitions

Date

Property Name

Location

Property Type

Units/ Square Footage/ Acres

Total Net Assets Acquired

4/15/24

Urban Plains

Fargo, ND

Apartment Complex

415 units

$

17,527

6/26/24

Lexington Lofts

Forest Lake, MN

Apartment Complex

355 units

18,379

$

35,906